AMF Authorization Required to Enter Into Certain Public Contracts

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The Integrity in Public Contracts Act (the “Act”), that came into force on December 7, 2012, requires that enterprises henceforth obtain the prior authorization of the Autorité des marchés financiers (Financial Markets Authority) (the “Authority”) in order to be eligible to enter into certain public contracts or subcontracts.

This authorization will be granted following an investigation in respect of the information provided by the enterprise to the Authority. The investigation is carried out in cooperation with the Unité permanente anticorruption (Permanent Anti Corruption Unit).

Please see full article below for more information.

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